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BUYING A HOME
Whether you’re a first time homebuyer or a seasoned pro, purchasing your home is one of the most important investments you will ever make. Picture this: You’re house-hunting and you walk into a home. Immediately, you know - this is it. The mantelpiece, the flooring, even the colors of the walls. It's perfect. Before making a final decision, take a deep breath and carefully consider whether this home offers the features that will last beyond the first impression.
Of course, location is everything. Your decision on the neighborhood should depend largely on the size and age of your family, your income, and your personal preference. Some people prefer the city - others like small towns or the suburbs.
At Imperial, location is everything. We can offer you the best home buying choices in the Houston area – in a variety of locations to fit your families needs. See our map section for available communities.
BUILDING A SOLID FUTURE:
There are several steps associated with looking for and purchasing your new home. Below, you will find a list that can help you walk through each step of the way!
1. Select A Home – Imperial has an array of homes to choose from. Be sure when deciding location that you take into account what’s right for your family and quality of life.
2. Secure A Loan – See our Financing section for more information
3. Arrange for Homeowners Insurance – Insurance is a requirement for most lenders to close on your loan. It protects your investment as well as the lenders.
4. Closing – This is the legal process of signing the house over to you!
Financing
Imperial Homes offers the welcome convenience of easy and affordable mortgage financing through our partner, Intercontinental Mortgage. Predetermining your comfort level with various mortgage programs allows you to determine how much house you can afford and what your monthly payment will be. Intercontinental Mortgage can help you determine which loan program best suits your needs.
Information About Your Mortgage: A Mortgage Is More Than An Interest Rate
Mortgage packages may include other variables in addition to the interest rate. These variables may include points, which are prepaid interest assessed by the lender at settlement. Hence, it may be less expensive to pay a higher interest rate with fewer points than to pay a lower interest rate and more points.
But the most important features to consider are the types and the terms of mortgage such as whether it is adjustable, fixed or a hybrid of the two, and what the length of the term is, i.e., 1, 3, 7, 15 or 30 years.
Fixed Rate Versus Adjustable Rate
The two most common types of mortgages are fixed rate and adjustable rate mortgages (ARMS). The interest rate with a fixed rate mortgage remains the same for the life of the loan. With ARMS, the rate varies according to movements in the financial markets.
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